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PepsiCo, Inc. uses process costing for its beverage production. The following information is provided for the month of November 2024: Beginning Work in Process: 8,000

PepsiCo, Inc. uses process costing for its beverage production. The following information is provided for the month of November 2024:
•Beginning Work in Process: 8,000 units (100% complete)
•Units started: 20,000 units
•Ending Work in Process: 7,000 units (100% complete)
•Costs: Beginning WIP ($40,000), Added during the month ($360,000)
Required:
1.Calculate the equivalent units of production for November.
2.Determine the cost per equivalent unit.
3.Prepare the cost reconciliation for November.

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